What a crazy day. We had CPI in premarket today then we kept up and we took it past all-time highs to the top of the implied move to the top of the implied move on the next day so we close just above 5 cents above 580
Volatility got crushed today
VXN down -7.32 destroying options and shorts betting on downsideDID YOU SEE the bounce on the 35EMA by the way??
I do believe that tomorrow we will be trading under 581. Thursday we have PPI and because we're in an in between day tomorrow I think we might be a little bit more flat also look at how high up that 35 EMA is within the training range
(HIT GRAB THIS CHART - UNDER THE CHART NEXT TO THE 🚀)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.